LOS ANGELES, Feb. 2, 2011 /PRNewswire/ -- WikiLoan, Inc (OTC Bulletin Board: WKLI), a peer-to-peer lending platform, announces today that Ali Fakhari is joining the WikiLoan management as Chief Marketing Officer, effective immediately.
"WikiLoan is at an important inflection point in its growth and I am very excited to be a part of its accomplished leadership team. Today's challenging economic environment necessitates new options for individuals to get loans where they couldn't otherwise. WikiLoan's user-friendly web interface helps people leverage their social networks to attain and provide loans faster and with better results than traditional institutions. My goal is to educate consumers about this new lending paradigm and enable as many people who need loans to sign up for a WikiLoan – and I can't wait to get started," said Ali Fakhari, WikiLoan Chief Marketing Officer.
As Chief Marketing Officer, Mr. Fakhari is responsible for planning and executing WikiLoan's marketing programs, including assessing market potential and developing strategic partnerships and marketing campaigns to accelerate customer acquisition and user adoption. Prior to joining WikiLoan, Mr. Fakhari spent 6 years as a management consultant at Bain & Company where he advised clients in a range of industries, assessed the feasibility of strategic acquisitions and developed initiatives to improve performance and profitability. In the summer of 2006, Mr. Fakhari worked as an associate to the CFO of Burger King Corp. during its IPO, and in 2005 served as brand manager for the World Series of Poker for Harrah's Entertainment. Mr. Fakhari graduated summa cum laude from the University of Southern California with a BS in Chemical Engineering and has an MBA from Harvard Business School.
WikiLoan is a Social Network with a focus on finance. At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company's website provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
SOURCE WikiLoan, Inc